Asked by Meghan

1. If the price of a new digital media player is $249.99 and the cost to the store that sells it is $150, what is the markup of this electronic item?
A. $100
B. $98.99
C. $99.99
D. $89.99

My answer C

2. What is the percentage markup of a digital media player that a store pays $150 for and sells at retail for $249.99?
A. 40%
B. 50%
C. 33%
D. 99%

I am not sure, because I got 67%

3. If a store buys a mountain bike at a cost of $75 and marks it up by 61 percent, what is the retail price of the bike?
A. $130.75
B. $120.75
C. $120.25
D. $125.25

My answer B
Answered by Steve
I like all your answers.

On #2, the markup based on cost is indeed 67%. The markup based on salling price is 40%, since the $100 markup is 40% of the $250 selling price. Could be they had a typo in the question or mixed up the answers.
Answered by Meghan
Should I go with 40% then ?
There are no AI answers yet. The ability to request AI answers is coming soon!